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Mar 18, 2013
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they're going to argue that the government could shut down. and this is their attempt to say, we won't brick -- bring it to that pranksmanship because we don't want it on our door step we caused it. but it's going to boomerang on them. they retook the upper hand and now they're giving it away. >> exactly right. sequestration was passed a year and a half ago, part of the plan a year and a half ago. all the republicans had to do is keep their mouth shut and stay out of the way. thank god they did that. here we go again. if they're not going to stand up now, to obama, and this absolute mindless spending, and borrowing and printing, then i have to say, neil, what the hell good are they? i'm going to tell you i'm not alone in this. the republicans putting out a statement today, compassionate conservatism, whatever, if they don't get serious and substantive and start to take affirmative steps to bring this government under control the republican party is going down. i'm telling you that right now. >> neil: obviously punted a little bit over the week
they're going to argue that the government could shut down. and this is their attempt to say, we won't brick -- bring it to that pranksmanship because we don't want it on our door step we caused it. but it's going to boomerang on them. they retook the upper hand and now they're giving it away. >> exactly right. sequestration was passed a year and a half ago, part of the plan a year and a half ago. all the republicans had to do is keep their mouth shut and stay out of the way. thank god...
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Mar 23, 2013
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provincial government. it is incredibly thin in quÉbec. i like it, they power my car to get here. i'm not going to be an idiot to ride my bicycle to work and tucks in my pants. neil: steve, it is always good to have you. on that issue, whether it is big oil or anything above, saying the. neil: i do want to focus on this development about all of the money company selling out. but not like you'd expect help the economy. as we mentioned, a very serious commitment. >> the s&p 500 pays out in dividends. also hitting the 118 billion. letting the multiplier taken fact for invetors. the. neil: what you make of that? >> everyone running these companies -- not all of them are rational people. as opposed to taking a risk in investing it in some other way. it might create jobs, butt could also be a risk to the company. i sat on the board of the company that did just that. we looked at all of the options and say, we have cashier. we c use this cash. >> yes, this is still capital preservation. >> yes, a few things going
provincial government. it is incredibly thin in quÉbec. i like it, they power my car to get here. i'm not going to be an idiot to ride my bicycle to work and tucks in my pants. neil: steve, it is always good to have you. on that issue, whether it is big oil or anything above, saying the. neil: i do want to focus on this development about all of the money company selling out. but not like you'd expect help the economy. as we mentioned, a very serious commitment. >> the s&p 500 pays...
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Mar 25, 2013
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or taxpayer dollars from the state government. it's the same taxpayers across the country. >> neil: to your point, whatever you get, be careful what you wish to. i don't want to get into the details of the plan to cover illegals with health care, but gets to the bigger point of added spending. the architects of the plan were saying, alet more problems than we envisioned. i'm paraphrasing but you get the gist. the taxes, fees, add ons, drop in parttime workers who lost their health insurance and other workers who lost their job because of companies taking on the held insurance is more than the strongest opponents imagined. >> that's exactly right. if you recall, speaker pelosi said we have to pass the bill to find out what's in it. now we're seeing the downside of that kind of thought process and not taking a very careful look at the thousands of thousands of pains to -- pages to see whereman is going to be spent. what it's costing business across the country and it's costing the taxpayers. >> neil: i know you're going to be meetin
or taxpayer dollars from the state government. it's the same taxpayers across the country. >> neil: to your point, whatever you get, be careful what you wish to. i don't want to get into the details of the plan to cover illegals with health care, but gets to the bigger point of added spending. the architects of the plan were saying, alet more problems than we envisioned. i'm paraphrasing but you get the gist. the taxes, fees, add ons, drop in parttime workers who lost their health...
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Mar 26, 2013
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think it will be before governments start sniffing around your bank account. frankly, i believe it's not long. think this country, when first federal income tax was just to blender efforts of world war i but it stuck around. or europe. expanded. what started out as a 4% tax for millionaires is now north of 20%, and en snaring, well, everyone. that is what concerns me about this cyprus tax. what the poor saps will discover when the banks reopen in cyprus, run. can't take their money and the government is watching and limiting, and i am kind of worrying. what is going on in this island nation, is a tsunami. bank on it. literally. to rich edison, in cyprus to this nervous night before, hey, rich. >> good evening neil, you have to imagine, folks without access to their banks account will have some tomorrow 8:30 in the morning. for more than a week these folks had closed banks today there was a bit of a lull, in fact that banks were closed not because of a bank panic but a regular holiday, greek independence day. but there are thoughts to last week with long lines
think it will be before governments start sniffing around your bank account. frankly, i believe it's not long. think this country, when first federal income tax was just to blender efforts of world war i but it stuck around. or europe. expanded. what started out as a 4% tax for millionaires is now north of 20%, and en snaring, well, everyone. that is what concerns me about this cyprus tax. what the poor saps will discover when the banks reopen in cyprus, run. can't take their money and the...
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Mar 19, 2013
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there are functions for the government. they need to remember what those things are and leave the rest of us alone. >> neil: what they discovered, as you warned -- this is prior to your prayer breakfast meet and greet with the president -- that all of a sudden the goodies would be showcased up front. the problems would be later. the goodies were fewer, the problems many more, and the cost of this potentially much, much hire than the thought. how is all of this rolling out now? >> well, of course the reason that it was done in secret, rather than in a transparent manner in which it was supposed to have been done, is because there are so many bad parts of it. there's so many obligations so many new taxes associated with it. it's incredibly expense simple. it was supposed to lower the cost. it has raised the cost of the premiums for average family, and in the neighborhood of $5,000. this is a disaster. and the real question is, will anybody have the honesty to own up to the fact this is a disaster and saying can we start over
there are functions for the government. they need to remember what those things are and leave the rest of us alone. >> neil: what they discovered, as you warned -- this is prior to your prayer breakfast meet and greet with the president -- that all of a sudden the goodies would be showcased up front. the problems would be later. the goodies were fewer, the problems many more, and the cost of this potentially much, much hire than the thought. how is all of this rolling out now? >>...
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Mar 24, 2013
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government. all of the politics that goes on. thatith the fact that you ruined the country now if that was thriving. as one of our previous vigil said. it was thriving on its own before it entered the eurozone. >> my parents were born there and i can tell you that economically, they have a beautiful country. they wouldn't have had this. neil: maybe they will wake up and realize however dramatic and unruly be adjustments, maybe the longer-term direction is away from a club where most of the members don't even qualify to be a part of it and just bolt from the club altogether. in the european union union does divide. >> yes, it is a battle for supremacy for a domination of europe. it is being done almost totally covertly without real approval of citizens. >> there is the european union going? >> i think it will. being british, i hope that it will. i am vice president of the independence party in the uk. >> i have no idea. i always thought that was a fake accent. [laughter] >> you know, the country t
government. all of the politics that goes on. thatith the fact that you ruined the country now if that was thriving. as one of our previous vigil said. it was thriving on its own before it entered the eurozone. >> my parents were born there and i can tell you that economically, they have a beautiful country. they wouldn't have had this. neil: maybe they will wake up and realize however dramatic and unruly be adjustments, maybe the longer-term direction is away from a club where most of...
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Mar 23, 2013
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provincial government. it is incredibly thin in quÉbec. i like it, they power my car to get here. i'm not going to be an idiot to ride my bicycle to work and tucks in my pants. neil: steve, it is always good to have you. on that issue, whether it is big oil or anything above, saying thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. let's say you pay your guy around 2% to manage your money. that's not much you think. except it's 2% every year. does that make a difference? search "cost of financial advisors" ouch. over time it really adds up. then go to e-trade and find out how much our advice costs. spoiler alert: it's low. really? yes, really. e-trade offers investmen
provincial government. it is incredibly thin in quÉbec. i like it, they power my car to get here. i'm not going to be an idiot to ride my bicycle to work and tucks in my pants. neil: steve, it is always good to have you. on that issue, whether it is big oil or anything above, saying thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking...
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Mar 21, 2013
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we're talk about the city government. but occupancy is 95% in downtown, mid-town detroit. employers are bringing jobs back into detroit. there's exciting things that, if we resolve this, detroit has a bright future. >> neil: in the meantime, you have been worried about what is happening not only in detroit but the state, healthcare coming, a lot of democrats saying on this, the third anniversary of the healthcare law, that they're not running away from it. they're embracing it and, in the mid-term elections they're going to keep pushing and it go after republican governors who have been opposing and it resisting it, because this is the law, this is the way. americans like it, and you've got to get on the wagon. >> well, what i say is, i believe i need to comply with the laws as an elected official. about the affordable care act was misfire in many respects. there's two other things that are more important that are not being addressed. first is health and wellness. we need more personal responsibility. to solve our healthcare crisis if we took better care and if they didn't
we're talk about the city government. but occupancy is 95% in downtown, mid-town detroit. employers are bringing jobs back into detroit. there's exciting things that, if we resolve this, detroit has a bright future. >> neil: in the meantime, you have been worried about what is happening not only in detroit but the state, healthcare coming, a lot of democrats saying on this, the third anniversary of the healthcare law, that they're not running away from it. they're embracing it and, in the...
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Mar 22, 2013
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the government is doing everything in its power to avoid that. tonight at 8:00 we're going to discuss, it might not be enough. . with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everi'm with scottrade. me. (announcer) scottrade. awarded five-stars from smartmoney magazine. all stations come over to mithis is for real this time. step seven point two one two. . command is locked.
the government is doing everything in its power to avoid that. tonight at 8:00 we're going to discuss, it might not be enough. . with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everi'm with scottrade. me. (announcer) scottrade. awarded five-stars from smartmoney magazine. all stations come...
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Mar 26, 2013
03/13
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the government and banks are so close -- when you say banks are bad, the government is bad. >> neil: the government can see protesters not protesting the government but the evil banks, because banks are always evil. >> they're doing this because it's the regular cypriots who are getting here. not the russians. they got their money out. the very wealthy managed to protect themselves. it's the people who live in that country, who are so angry, protesting right this very minute who got hurt. >> neil: how bad does this get as far as a scandal and how much it hurts banks, there, here, everywhere? >> imagine this country is only the size of yellowstone national park. the population is as big as dallas but the ramifications and reverberation, why don't people in spain take money out of the bank. people in eu said we love this idea of taking money out of individual banking deposits. so, it's going to happen again. so why you keep your money in a european bank at this point? i have no idea. there could be more runs. >> neil: we'll watch very closely. thank you very much. and i think she put i
the government and banks are so close -- when you say banks are bad, the government is bad. >> neil: the government can see protesters not protesting the government but the evil banks, because banks are always evil. >> they're doing this because it's the regular cypriots who are getting here. not the russians. they got their money out. the very wealthy managed to protect themselves. it's the people who live in that country, who are so angry, protesting right this very minute who got...
SFGTV2: San Francisco Government Television
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Mar 18, 2013
03/13
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the other problem is we are not allowed to introduce cars sharing because there are things that the government will not allow us. but they are gradually changing their mind. they say in 2015, maybe we can go on with the program. >> you should see the graph of car use and bicycle use in amsterdam when they increased parking fees. the car use went down, the bicycle use went up. higher parking fees are very effective in decrease in car use and increasing other modes of use -- in decrease in car use iqi 5u9 it was quite effective. another thing, peter talked about the parking permit. in amsterdam, you have to wait two and half years before it because you -- you have to wait two and a half years for the parking permit. >> people except they can just not have a car. in amsterdam, the other modes of transport are so well-organized, it is just like in the hague, a car is more of a new sense that a create a car is more of a nuisance and liability. it is expensive. the other modes of transport are much more convenient. >> ok, mike, you have a question? use the microphone, please. >> separated bike paths
the other problem is we are not allowed to introduce cars sharing because there are things that the government will not allow us. but they are gradually changing their mind. they say in 2015, maybe we can go on with the program. >> you should see the graph of car use and bicycle use in amsterdam when they increased parking fees. the car use went down, the bicycle use went up. higher parking fees are very effective in decrease in car use and increasing other modes of use -- in decrease in...
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Mar 21, 2013
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but it will keep the government running through september, no government shutdown, no running out of money until september 30. we will keep on running as we are now. no impact on the stock market, the dow down 71 points. cyprus is a big factor for stock and factors com investors. another solar company getting closer to going broke. how much of your money may have been wasted after this. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could busiss pro. yes, you could. go national. go like a pro. stuart: another solar startup that could be in deep trouble months after opening its doors the first place. solar powered in-line for taxpayer loans dipped into the money it is i but is in line tot it. cutting the workforce and restructuring. the taxpayer backed solopower would create hundreds of jobs fo
but it will keep the government running through september, no government shutdown, no running out of money until september 30. we will keep on running as we are now. no impact on the stock market, the dow down 71 points. cyprus is a big factor for stock and factors com investors. another solar company getting closer to going broke. how much of your money may have been wasted after this. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with...
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Mar 19, 2013
03/13
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government could come after our private bank deposits? yes, i do. they may not confiscate it as cyprus tried to do however there are plenty of ways to get at it. taxes, you're forced to invest in government securities and under the guise of the financial systems, yes, it's a valid concern and the bank defenders will not acknowledge it u and we've got the dow up 39, 40 points at the moment, a shrug from the stock market at the moment. >> yes, it is. stuart: you think this has no impact on the stock market, more on gold and banking stocks, you think? >> i think so, again, what it does, it calls into question the integrity of the financial community and that's what central bankers and legislators fear most. it's not the markets themselves, it's fear of the market and fear of stability because that is what drives confidence and one thing that bernanke can't afford to lose right now. stuart: here is what i think might happen. a no vote, the russians step in, europe says we can't have russia, and they step in. >> i think a power play and progression of ev
government could come after our private bank deposits? yes, i do. they may not confiscate it as cyprus tried to do however there are plenty of ways to get at it. taxes, you're forced to invest in government securities and under the guise of the financial systems, yes, it's a valid concern and the bank defenders will not acknowledge it u and we've got the dow up 39, 40 points at the moment, a shrug from the stock market at the moment. >> yes, it is. stuart: you think this has no impact on...
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Mar 24, 2013
03/13
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if the government can invest in all of these banks and th then-- why doesn't the government spin off the post office? >> it's ham strung, i think, adam by the requirements out of date. now, if it's forced to play by these rules and its competitors in the private world are not, then it's never going to get out of its own way. >> yeah, it's worse than that, neil. not only are they required to do certain things, but they're prevented, prohibited from certain things. for example, they can't sell advising on their trucks which would be something really obvious. they can't sell milk or beer or other things that might make them money because they've got great store front real estate. so i completely agree he ththat we could do an ipo. >> you know the model would be? the model would be fannie and freddie. >> they have a monopoly they enjoy. >> not a great monopoly. >> if they deliver to a town with two people. i say-- >> until congress unshackles the postmaster general and those trying to run it, money will be spent propping this up. >> you made the case it should. the bottom line it's uneco
if the government can invest in all of these banks and th then-- why doesn't the government spin off the post office? >> it's ham strung, i think, adam by the requirements out of date. now, if it's forced to play by these rules and its competitors in the private world are not, then it's never going to get out of its own way. >> yeah, it's worse than that, neil. not only are they required to do certain things, but they're prevented, prohibited from certain things. for example, they...
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Mar 21, 2013
03/13
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>> yeah, what happens was the federal government is pushing out a new system that's completely autmated for the emerncy alert system, and tat equipmenis poorly secured. everyone thought it's no big deal. it's inside the station's network. who is going to get in there? that's the problem. we have to assume the attackers are in the network persistly, and we have to take the critical assets, treat them as the crown jewel, and be smartand stop thinking about fire walls and protecting our outer layer. gerri: dng it the wrong way, you say. thhy sent out fake alerts, which, to me, is squarey because you rely on that emergency alert system to keep you safe. >> yeah, and if we have false alar on those systems, then people don't pay atention to the real alarms. it's a real problem going back to the issue of we got to stp thinking fire walls and antivirus. thbad gus are in the networks. what are we going to do strategically? differently? a ground changer to be proactive rather than reactive when it comes to protecting our critcal infrastructure and our informatioassets. >> phyllis, you're -- your
>> yeah, what happens was the federal government is pushing out a new system that's completely autmated for the emerncy alert system, and tat equipmenis poorly secured. everyone thought it's no big deal. it's inside the station's network. who is going to get in there? that's the problem. we have to assume the attackers are in the network persistly, and we have to take the critical assets, treat them as the crown jewel, and be smartand stop thinking about fire walls and protecting our...
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Mar 21, 2013
03/13
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tracy: is the federal government wasting money with the student loan program? that's a rhetorical question. is there a better way to help our kids? could one bad online review hurt your business? as a customer, do you believe everything you read? come on. breaking down sites like yelp next. ♪ are you flo? yes. is this the thing you gave my sband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price" tool. only from progressive. ♪ tracy: so, beyond denver -- beyond advertising. people rude. this place has gone completely downhill. reviews of light is on line for everything from restaurants, hotels conductors, even churches and the recent survey found 70 percent of consumers trust of one reviews just as much it -- much as recommendations from family and friends. what should you he did a business and you get a really bad review. look
tracy: is the federal government wasting money with the student loan program? that's a rhetorical question. is there a better way to help our kids? could one bad online review hurt your business? as a customer, do you believe everything you read? come on. breaking down sites like yelp next. ♪ are you flo? yes. is this the thing you gave my sband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from....
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Mar 23, 2013
03/13
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this is their idea of government. everybody in the country needs to be paying attention to what the democrats and in some cases a handful of republicans are doing. at a time when we should be talking about transparency on the issues of our time. we are simply being brushed aside by imperious and elitist government. just a few days later, lawmakers admitted they were adopting law enforcement officers. imagine not. a month later, they said they wanted to use anned assault weapons. earlier this week, governor cuomo admitted that he had to amend the law. because it bans the sale of this. they didn't even think about that. the idiocy of the whole process is astounding. new report out today saying that governor cuomo is trying to lure the "tonight show" back to manhattan. that is right, nbc with three shows is trying to, well, basically dump the host of one of their three winning shows. these are brilliant people. right and to get the show back to manhattan providing 30 percent tax break if it decides to leave to caper but
this is their idea of government. everybody in the country needs to be paying attention to what the democrats and in some cases a handful of republicans are doing. at a time when we should be talking about transparency on the issues of our time. we are simply being brushed aside by imperious and elitist government. just a few days later, lawmakers admitted they were adopting law enforcement officers. imagine not. a month later, they said they wanted to use anned assault weapons. earlier this...
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Mar 23, 2013
03/13
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the government up front saying we're going to take your money. we're doing it secretly, and i think the honest approach is better. shibani: they make parallels in cypress, and what you mentioned happens here in the u.s., but the levy on bank deposits, this is what is causing a storm, and it's really getting people upset. are you concerned about any kind of precedence this could bring into the industry into europe and what it could do to banking confidence as a whole because when you start to have runs on banks and runs into atms as we see vis walls of and people concerned about whether or not they get their money, that creates panic. >> yeah, i think, you know, it could be a wakeup call. i own an offshore bank in the caribbean, and our business, since the cypress event, is up about 150%, so a lot of people are looking for safer places to park money because people are starting to think about whether posit insurance is not all that it's marketed to be. the fdia insures 8 trillion in deposits, but 25 billion in reserves. my bank in the caribbean is
the government up front saying we're going to take your money. we're doing it secretly, and i think the honest approach is better. shibani: they make parallels in cypress, and what you mentioned happens here in the u.s., but the levy on bank deposits, this is what is causing a storm, and it's really getting people upset. are you concerned about any kind of precedence this could bring into the industry into europe and what it could do to banking confidence as a whole because when you start to...
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Mar 18, 2013
03/13
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this move is unprecedented, it would basically allow the government to skim the bank accounts of every single person who makes a deposit into a cyprus bank account. if that is not enough, the country has closed all banks until thursday so if the decision is made there will not be anything anybody can do if they have money in the bank. now the world is bracing and waiting. what you should do with your money and with the impact could be. so excited to have you on tonight. university of chicago professor. what a team. let me start with you because i want you to set the scene for us because some people hear this and i think of cyprus is a tiny island, who cares. this could set off a chain reaction around the world, tell me why. >> if you have your bank deposits in another country that is shaky, italy, spain, portugal, and greece, you will say in my the next in line? so what we will be looking for over the next week or at any time or attention turns to a potential crisis in any of those countries is whether or not there is a run on the bank. the other thing we noted is they are still jiggli
this move is unprecedented, it would basically allow the government to skim the bank accounts of every single person who makes a deposit into a cyprus bank account. if that is not enough, the country has closed all banks until thursday so if the decision is made there will not be anything anybody can do if they have money in the bank. now the world is bracing and waiting. what you should do with your money and with the impact could be. so excited to have you on tonight. university of chicago...
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Mar 20, 2013
03/13
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government, but, there is another issue here. why is it after theyurn down going following us in that, they sue the new york fed? they are now suing the new york fed. neil: all right, you remember him hank is ready to let her rip, a judge letting his lawsuit against the government continue. in effect, pitting the guy who ran aig against the tax payers who rescued the aig which is why present aig management that announced it wants to be no part of this. to aigeo robert benmosche on whether he agrees with that, welcome. >> thank you, neil. neil: not a part of this? >> not a part. neil: why not. >> we went through a careful analysis, what is said about events that occurred during the time we had to make a decision was press and no, fen you are part of it -- no ofection you are part of it, instead of asking why would aig after getting support it got working so hard to payback america and thank america, why would they sues government. that sun fortunate, i think -- that is unfortunate, i think people are angry about the fact that we g
government, but, there is another issue here. why is it after theyurn down going following us in that, they sue the new york fed? they are now suing the new york fed. neil: all right, you remember him hank is ready to let her rip, a judge letting his lawsuit against the government continue. in effect, pitting the guy who ran aig against the tax payers who rescued the aig which is why present aig management that announced it wants to be no part of this. to aigeo robert benmosche on whether he...
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because the syrian government knows that the u.s. france britain is waiting to strike those are the very last may be wanted to provoke that sort of intervention so it would be lunacy and madness for president assad's forces to use chemical weapons and so if you know we have a can of worms has been used it has to be by the rebels and if that's the case then obviously that will highlight the hypocrisy of the u.s. and the west because they said the red line the chemical weapons are only seems to apply present assad's forces use of the syrian army and so we're going to be consistent on these chemical weapons to use me is wrong and if the rebels are using them they should be conducted to war crimes now the opposition the prime minister i guess a naturalized u.s. citizen what do you think drove this election his election but it reminds me of the election about ecommerce of mahmoud jibril in libya if you think back two years to the libyan air. and to see a very similar scenario because. he had spent many decades in the us he'd studied in th
because the syrian government knows that the u.s. france britain is waiting to strike those are the very last may be wanted to provoke that sort of intervention so it would be lunacy and madness for president assad's forces to use chemical weapons and so if you know we have a can of worms has been used it has to be by the rebels and if that's the case then obviously that will highlight the hypocrisy of the u.s. and the west because they said the red line the chemical weapons are only seems to...
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Mar 21, 2013
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that was the first government, you know, the issue of. melissa: they were great. >> and then things slow down. and it pcked up right around christmas. in january to a little bit. i think if you talk to everybody, all consumer businesses, if you look at same-store sales, that is what it will tell you. melissa: stay right where you are. we will take a short break, and on the other side of the push to a height minimum wage grows stronger. how can land breeze and the restaurant industry to withstand the blow? we will talk about it. you heard about the $22 minimum wage. piles of "money" coming up. ♪ ♪ your finances can't manage themselve but that doesn't mean they won't try. bring all your finances togeth with the help of the one person who can, a certified financial planner professional. cfp -- let's make a plan. ♪ melissa: he's making some "money." i'm back. this ceo of lenders ink, which has businesses in dining, gaming, entertainment and hospitality industries. i want to ask y about minimum wage because this is a huge debate right no
that was the first government, you know, the issue of. melissa: they were great. >> and then things slow down. and it pcked up right around christmas. in january to a little bit. i think if you talk to everybody, all consumer businesses, if you look at same-store sales, that is what it will tell you. melissa: stay right where you are. we will take a short break, and on the other side of the push to a height minimum wage grows stronger. how can land breeze and the restaurant industry to...
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Mar 22, 2013
03/13
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you want the government to take less money out of the private sector. the way to do that is fair tax policy. this is the story. it is jimmy fallon and jay leno. the story that goes unsold by the countless families who we've new york every year to go to places where they have jobs. >> it could be a good lesson for california that is taxing the industry that, you know, funds everything to death. the entertainment industry. they are taxing the wealthy. more and more people are taking their production to canada and other states. i mean, what is bad news for new york -- is there anyway that california gets the message and lowers their taxes to try to work with people? >> the only way you will see it is a targeted tax credit. that is not a sensible way. the sensible way is to broaden the base. democratic governors are doing the exact opposite. they are raising tax rates and shrinking tax bases. if the government is picking winners and losers, jimmy fallon in hollywood are winners in this case. >> okay. josh, thank you for coming on the show. >> thank you. mel
you want the government to take less money out of the private sector. the way to do that is fair tax policy. this is the story. it is jimmy fallon and jay leno. the story that goes unsold by the countless families who we've new york every year to go to places where they have jobs. >> it could be a good lesson for california that is taxing the industry that, you know, funds everything to death. the entertainment industry. they are taxing the wealthy. more and more people are taking their...
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Mar 20, 2013
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when we do that, government becomes bigger and yes undermined what our society is good as doing, which is letting people make decisions on a local level. >> neil: are we winning that pr argument? i mean you lost your race. and i was thinking you had a compelling, cogent argument. we have to stop this. i wonder if part of what is going on here is the other side's very effective as saying no problem here. you know. >> you know what they're effective at saying? we're going to make your lives easier in the short term and we should say we're going to make your lives better for generations to come. my parents came to this country not for an easy life but for opportunities. they wanted their children to be whoever they wanted to be as long as you worked hard and you were -- you just did everything you needed to do. you can be whoever you wanted to be. you didn't have to conform to what society told you they wanted you to do. >> very true but they just don't seem to get t thank you. dow that all without hand gestures. look at this. >> i know. >> neil: my goodness. >> nice to see you, neil. >>
when we do that, government becomes bigger and yes undermined what our society is good as doing, which is letting people make decisions on a local level. >> neil: are we winning that pr argument? i mean you lost your race. and i was thinking you had a compelling, cogent argument. we have to stop this. i wonder if part of what is going on here is the other side's very effective as saying no problem here. you know. >> you know what they're effective at saying? we're going to make your...
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are now taking tax money out of the government and so of course you're going to have budget deficits go up was this just like a crazy idea in the first place yes i think so i think that the whole notion of an automatic fix level denies the inevitable flexibility the inevitability of new developments that no one who wrote these rules ever for saw and that it. puts a straight jacket on policy makers that never makes much sense that forces them to violate these rules that violation is interpreted in strange ways by the different players in an economy it's an irrational way to manage a capitalism that is always unstable and unpredictable so i would like to mention something about the cyprus event i think it's enormously important much more that's been understood first of all the the government of cyprus agreed with europe to impose these levees on the depositors of their own country they were planning to do that hope they'd be no trouble and had originally scheduled for their banks to open tuesday yesterday when the cypriot people said no way you are not going to make us pay for a crisis
are now taking tax money out of the government and so of course you're going to have budget deficits go up was this just like a crazy idea in the first place yes i think so i think that the whole notion of an automatic fix level denies the inevitable flexibility the inevitability of new developments that no one who wrote these rules ever for saw and that it. puts a straight jacket on policy makers that never makes much sense that forces them to violate these rules that violation is interpreted...
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Mar 19, 2013
03/13
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. >> you know every liberal's dream that government seizing your money out right, there is nothing you can do about it. now no cyprus they could find out the hard way, this tiny island nation sent a tsunami shockwave to the rest of the world, keeping the banks closed until they find a more palatable way to. welcome i am neil cavuto, you got 10 grand in a bank account. how about waking up tomorrow morning and then finding a thousand bucks missing, right off the top, does that sound over the top? in cyprus that is reason that thousands of bankustomers are blowing their talk, with talk of a 10% tax on deposit the money, has a lot of angry customers storming the atm machines but the government has closed banks to avid a bank run, a keeping them close until they sort this out, but the tax is till coming. for cyprus it is about the cost of staying in the euro club, never mind how average i citizes there are getting club. but this is about taxing assets there. something with which we should all be very familiar here. no uncle sam has not hacked into our bank accounts -- yet, but he made a b-l
. >> you know every liberal's dream that government seizing your money out right, there is nothing you can do about it. now no cyprus they could find out the hard way, this tiny island nation sent a tsunami shockwave to the rest of the world, keeping the banks closed until they find a more palatable way to. welcome i am neil cavuto, you got 10 grand in a bank account. how about waking up tomorrow morning and then finding a thousand bucks missing, right off the top, does that sound over...
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Mar 24, 2013
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the city of new york is government -- the government needs to focus on building middle income housing. that helps to keep people in the city of new york. right now it is -- you know, they are trying to figure out new ideas to be able do more luxury housing. the housing authority, continues to be wasteland and really -- city administration, housing authority, head, continues to allow thousands of apartments to sit on the side that are vacant. city of new york needs to help focus on creating housing. that helps to keep people -- >> what does this focus mean? how do you operationalize that? >> housing authority, proposal to put it on the grounds of housing authority land. instead of that, it is great opportunity to do middle income housing. create some income diversity within the housing authority. great opportunities if that's the focus. right now the focus doesn't exist in the city. >> housing has always been expensive. let's not kid ourselves in new york city. but over the last decade, housing has become that much more unaffordable for now 50% of the households living in new york city
the city of new york is government -- the government needs to focus on building middle income housing. that helps to keep people in the city of new york. right now it is -- you know, they are trying to figure out new ideas to be able do more luxury housing. the housing authority, continues to be wasteland and really -- city administration, housing authority, head, continues to allow thousands of apartments to sit on the side that are vacant. city of new york needs to help focus on creating...
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Mar 24, 2013
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government should spend to spur growth. let's look at interest rates. >> yes. >> a lot of projections when they go forwarded are assuming that interest rates will stay low. if you look at the ten-year treasury yield over the '90s averaged 6%. the last seven, eight years, 4%. it is currently less than 2%, as you know. >> right. >> the possibility of interest rates staying as low as they are now is highly unlikely, and that as interest rates rise, yes, the economy will recover but the interest payments on the much larger debt become crushing. >> a couple of things there. first of all, as long as the economy remains weak interest rates will remain low. if the economy gets stronger interest rates will go up but also if the economy gets stronger we will have more revenue and then i start to become a deficit hog. by no means am i saying we have to stay in this expansion mode under all reasons. the idea that we will be facing higher rates is belied by history. look at japan. they have been running deficits twice the debt burden th
government should spend to spur growth. let's look at interest rates. >> yes. >> a lot of projections when they go forwarded are assuming that interest rates will stay low. if you look at the ten-year treasury yield over the '90s averaged 6%. the last seven, eight years, 4%. it is currently less than 2%, as you know. >> right. >> the possibility of interest rates staying as low as they are now is highly unlikely, and that as interest rates rise, yes, the economy will...
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Mar 21, 2013
03/13
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this so-called government style which is he believes that they should be doing the dirty work. he is sitting above the whole process. they should be bringing these things to him. he will sign whatever is put in front of him. so the assault weapons ban goes down because he doesn't have the votes to push it through. then where is obama? keys in israel. >> the president, working on the n.c.a.a. bracket. he should be doing michele on espn. lou: that's next. >> exactly. lou: of we going to see meaningful, whenever meeting you want to assign to it, meaningful gun legislation out of this congress? >> i think we're likely to see the background check which i thought from the very beginning was the most likely outcome. it pulls well, the kind of thing the republicans don't feel like i want to stand up and fight on including some nra members and some leaders. you're not going to get an assault weapons ban. i don't think you're going to get -- none of the things that the president really wanted. it's not going to happen. >> politics is a trump card because to survey the landscape and saw a
this so-called government style which is he believes that they should be doing the dirty work. he is sitting above the whole process. they should be bringing these things to him. he will sign whatever is put in front of him. so the assault weapons ban goes down because he doesn't have the votes to push it through. then where is obama? keys in israel. >> the president, working on the n.c.a.a. bracket. he should be doing michele on espn. lou: that's next. >> exactly. lou: of we going...
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Mar 23, 2013
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was netanyahu government said no. at first they said okay sort of and then basically they said no. and the 2010 election which empowered certain domestic politics the president had to refreight this position. that was a fair statement. >> again, as i heard the president in israel two days ago, i didn't hear him to retreat. he said the settlements is not helpful. >> it's different than it's time for settlements to stop. >> what he said that's why i think you should get together and start talking. we can change the rhetoric. we can, among ourselves think of lot was different ways to complain about the settlements and i would join in most of it. sooner or later what your going to do about it? >> change u.s. law so c3s are not funneling to racist right-wing really extremists who are beating up people. that's in his power. the irs can do that. the treasury can do that. it hasn't stopped under any administration. it's getting worse. >> condition u.s. aid. there's a lot of things the u.s. can do while instead of getting them
was netanyahu government said no. at first they said okay sort of and then basically they said no. and the 2010 election which empowered certain domestic politics the president had to refreight this position. that was a fair statement. >> again, as i heard the president in israel two days ago, i didn't hear him to retreat. he said the settlements is not helpful. >> it's different than it's time for settlements to stop. >> what he said that's why i think you should get together...
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Mar 19, 2013
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people look at china, see unbelievable 9% growth rate, first of all if you believe the government is telling you the truth about that but that doesn't always track specifically with the returns on the investment in these country, right? >> absolutely. we city a study as a matter of fact. we always felt gdp growth is not correlated to stock market earns. david: look at united states we've been growing at miniscule levels yet the stock market is booming. >> let's take the example of china and mexico. we go back since we have data since 1995 china has grown faster than any country in the world, gdp growth 9.5%. david: put that chart back up, please. the blue line growing up, that is not china. that is mexico. mexico hasn't been growing as fast as china but market returns are much bigger. >> mexico is 2.7% gdp over same period of time much like the united states. mexico returned 12.8% annually. relative to china, 1.8% annually since 1995. that is substantial difference compounding one's wealth. lauren: that is why you look beyond the countries and you focus on the consumer trend and comp
people look at china, see unbelievable 9% growth rate, first of all if you believe the government is telling you the truth about that but that doesn't always track specifically with the returns on the investment in these country, right? >> absolutely. we city a study as a matter of fact. we always felt gdp growth is not correlated to stock market earns. david: look at united states we've been growing at miniscule levels yet the stock market is booming. >> let's take the example of...
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Mar 18, 2013
03/13
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is blaming it on the cyprus government. they gave them half the bailout money and said you would have to come up with the other half. this looked like the easiest way to get it. david: we had breaking news from liz macdonald reporting that the banks apparently were okay with this. that the banks would rather have the depositers be stuck with paying this off than have it, expose them in any way? >> yeah, well, i think in many ways, it set as dangerous precedent but at the same time, it's, it's money just sitting there. it's, easy to just take a piece of it. it is much harder than to try to get money out of landowners or something like that. and banks were -- but it's the same. it's the same. erin, that is what we have to keep in mind. it is the same as property, whether it is cash in the bank because, there was something, that maybe it's a quaint old expression but called deposit insurance. remember that? you were supposed to be insured against any kind of confiscation of the money that you have already earned and that you h
is blaming it on the cyprus government. they gave them half the bailout money and said you would have to come up with the other half. this looked like the easiest way to get it. david: we had breaking news from liz macdonald reporting that the banks apparently were okay with this. that the banks would rather have the depositers be stuck with paying this off than have it, expose them in any way? >> yeah, well, i think in many ways, it set as dangerous precedent but at the same time, it's,...
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Mar 22, 2013
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the government is reconvening today. cyprus' finance minister flying back after two days of talks after they failed to deliver the deal to rescue the country. our chief international correspondent michelle caruso-cabrera live in nicosia, cyprus. >>. >> reporter: the drama convincing right now is convincing parliament to sit down and actually vote to give the central bank of this country the authority to resolve banks. in other words, to wine down the troubled banks here in the country. right now there is a proposal on the table that would allow him to do that. that would mean that the weakest bank in the country nike would be wound down. the good assets moved to a different bank. there are protesters to my left who do not like that proposal at all. since i last saw you the head of the bank was brought here to hear what would happen. we had a long discussion about what was going happen and then i asked him a lot of questions about the history of like and how is it that how on earth we even got to this place. should his ba
the government is reconvening today. cyprus' finance minister flying back after two days of talks after they failed to deliver the deal to rescue the country. our chief international correspondent michelle caruso-cabrera live in nicosia, cyprus. >>. >> reporter: the drama convincing right now is convincing parliament to sit down and actually vote to give the central bank of this country the authority to resolve banks. in other words, to wine down the troubled banks here in the...
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Mar 19, 2013
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you don't need anything from the government other than the government to say, all vehicles purchased by the federal government every year, 200,000 vehicles, will be on domestic fuel. it doesn't have to be on natural gas. i'm all american. i will take anything just so it's american. what i want it do is get of of opec oil and quit paying for both sides of the war. what that's what we're doing. everybody understands. yeah. we're stupid to do that. melissa: no. and while we're putting all of our eggs in the natural gas basket let me ask you about prices there because there was an article out last week that has gotten a lot of attention talking about the sleeping giant in natural gas and predicting the price was going tox flowed. we've seen the price of natural gas be depressed over the past this year mainly because we've seen all the fantastic supply come online because of fracking. where do you think the price of natural gas is headed and are you worried there could be a dramatic spike that would derail these plans? >> no. i don't think, i don't think there is any prospect of that. you
you don't need anything from the government other than the government to say, all vehicles purchased by the federal government every year, 200,000 vehicles, will be on domestic fuel. it doesn't have to be on natural gas. i'm all american. i will take anything just so it's american. what i want it do is get of of opec oil and quit paying for both sides of the war. what that's what we're doing. everybody understands. yeah. we're stupid to do that. melissa: no. and while we're putting all of our...
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Mar 21, 2013
03/13
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after the break, charlie gasparino has the details as the federal government indicts raj raj rat name's brother for insider trading. happy birthday, twitter, turning seven today. twitter now has 200 million active users posting more than 400 million tweets per day. so in honor of the company, we wanted to show you some of our favorite business tweets as we head to break. ♪ ♪ [ female announcer ] from meing customer needs. to meeting patient needs... ♪ wireless is limitless. [ female announcer ] from finding the best way... ♪ to finding the best catch... ♪ wireless is limitless. a talking car. but i'll tell you whaimpresses me. a talking train. this ge locomotive can tell you exactly where it i what it's carrying, while using less el. delivering whatever t world needs, when it needs it. ♪ after all, what's the point f talng if you don't have something important to say ♪ ♪ cheryl: one of the reasons that he is in jail for insider trading is because the fed launched an investigation into his brother who six years later has also been charged for insider-trading. charlie gasp
after the break, charlie gasparino has the details as the federal government indicts raj raj rat name's brother for insider trading. happy birthday, twitter, turning seven today. twitter now has 200 million active users posting more than 400 million tweets per day. so in honor of the company, we wanted to show you some of our favorite business tweets as we head to break. ♪ ♪ [ female announcer ] from meing customer needs. to meeting patient needs... ♪ wireless is limitless. [ female...
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Mar 21, 2013
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dagen: we talked about though the complications created by government, local government, state governments, the federal government in running a business today. we're celebrating the anniversary of the health care law and, what we've seen washington do in recent years. is it getting worse to grow a business in this country? are you seeing any easing in sight? >> i think everything ebbs and flows. so i'm always a optimist. >> i'm an entrepreneur. dagen: you sell baby stuff. you're in the baby business. >> but the layers are complex. so i'm a big advocate of simplification and competitive playing field. i also think that we have a lot vested in still simplifying and removing barriers for businesses to keep making america the place of innovation. you know, there is no big business out there that it was, at one point wasn't a small business. what we do have is so many layers, just the efficiency of managing even compliance is disproportionately expensive, the smaller the business is. dagen: how is business? >> it's good. we're actually, one of the things i can say that is positive in the tax ch
dagen: we talked about though the complications created by government, local government, state governments, the federal government in running a business today. we're celebrating the anniversary of the health care law and, what we've seen washington do in recent years. is it getting worse to grow a business in this country? are you seeing any easing in sight? >> i think everything ebbs and flows. so i'm always a optimist. >> i'm an entrepreneur. dagen: you sell baby stuff. you're in...
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Mar 20, 2013
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the complaint and was not the government itself. charles: the big case with the spotted owl, the one where a lot of people lost their jobs. a spotted owl is almost instinct anyway. it is amazing. >> candidly, they fill them with ideologues with a political agenda. as disappointed as i am, i am not surprised. charles: judge andrew napolitano, thank you. a man not afraid to speak his mind when it comes to politics. we will ask the dr. after this. >> it is almost laughable some of the things that i hear people say. they say he is a neurosurgeon so he could not know anything about economics. [ laughter ] >> it is not brain surgery. [ applause ] ♪ ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it
the complaint and was not the government itself. charles: the big case with the spotted owl, the one where a lot of people lost their jobs. a spotted owl is almost instinct anyway. it is amazing. >> candidly, they fill them with ideologues with a political agenda. as disappointed as i am, i am not surprised. charles: judge andrew napolitano, thank you. a man not afraid to speak his mind when it comes to politics. we will ask the dr. after this. >> it is almost laughable some of the...
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Mar 24, 2013
03/13
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the defense of marriage act case refers to the federal law that says that the federal government will not recognize same-sex marriages even in states where it is legal. so people, and gay people who are married in new york and new england and all of the states where it is legal, they cannot file joint tax return, and they can't get social security survivor's benefits and if the court upholds doe m s doma all is overturn and if it is overturned then the federal government will have to treat married people like married people. >> does it line up in the court that way as well? >> well, this is always a difficult question is what effect does public opinion have on the justices. the official answer is none. they apply the constitution, and the real world answer is plenty. there are five republicans and four democrats on the supreme court, and that is pretty much all you need to know, and however, one of the republicans is anthony kennedy who has been generally very supportive of gay rights and so many people think that he is going to join the democrats in vetting to overturn doma. >> and n
the defense of marriage act case refers to the federal law that says that the federal government will not recognize same-sex marriages even in states where it is legal. so people, and gay people who are married in new york and new england and all of the states where it is legal, they cannot file joint tax return, and they can't get social security survivor's benefits and if the court upholds doe m s doma all is overturn and if it is overturned then the federal government will have to treat...
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Mar 21, 2013
03/13
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in september, avoiding government shut down, which is what all parties want here. that one is headed to the president's desk for his signature. the house also approved as you mentioned on party-line vote paul ryan's republican budget which cuts 4.6 trillion dollars over the next decade to balance the budget in part by repealing obamacare but it is dead on arrival in the democratically controlled senate. >> i would not call the house republican bill balanced. their balance says that the wealthiest americans, the biggest orporations, don't contribute to this problem at all. everything is done on the backs of our middle class families. so, mr. , president, yes, balance is an important word. it is an important word to every family, every community, every american. >> but, that did not stop paul ryan. >> the stanford economists that looked at this budget last week said, 500,000 jobs right away. $1500 more in take-home pay for families in the first year. 1.7 million jobs and 4 thou better take-home pay on average for families in the 10th year. this family will protect an
in september, avoiding government shut down, which is what all parties want here. that one is headed to the president's desk for his signature. the house also approved as you mentioned on party-line vote paul ryan's republican budget which cuts 4.6 trillion dollars over the next decade to balance the budget in part by repealing obamacare but it is dead on arrival in the democratically controlled senate. >> i would not call the house republican bill balanced. their balance says that the...
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Mar 26, 2013
03/13
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FBC
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how do governments respond and can they get -- none of these governments can pay down the debt. they have to grow into the debt so how do you do that? you create the conditions for capital to flow into the country and create growth. europe has trailed the u.s. in making the reforms and entitlement programs so no one is adding new capital into europe now. they're trying to move it out and the u.s. has made all of those adjustments the last bunch of years so you're seeing corporations in good shape here. cheryl: the fact you've got kind of a low volume environment happening in europe and you have money in u.s. equities, s&p 500 we're five points away from an intra day close on the s&p 500. global investors are socking money in the united states. >> i think that's true and in our opinion, the equity market is the place to be the next two or three years. it's true we're getting close to all-time highs on the market indices but it's not true we're at all-time highs in valuation. it's still reasonable and the alternatives are miserable. cheryl: but are we growing into our debt? we've
how do governments respond and can they get -- none of these governments can pay down the debt. they have to grow into the debt so how do you do that? you create the conditions for capital to flow into the country and create growth. europe has trailed the u.s. in making the reforms and entitlement programs so no one is adding new capital into europe now. they're trying to move it out and the u.s. has made all of those adjustments the last bunch of years so you're seeing corporations in good...
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Mar 19, 2013
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government debt. 1.89% yield. similar story for the 30-year. off seven basis points, yielding 3.11%. we're back after this. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightfoard guidance and be ae to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> good afternoon, i'm sandra smith with your fox business brief. the world's largest money manager blackrock, planning to say off nearly 300 employees. the memo came by reuters. blackrock's president said despite the layoffs the company will continue hiring and expects to end the year with more employees than it currently has. blackrock shares jumped nearly 50% in the past three
government debt. 1.89% yield. similar story for the 30-year. off seven basis points, yielding 3.11%. we're back after this. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on...